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Opening Balance

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Hi All,

I just want to be clear on a few things regarding opening balances:

 

As I didn't receive the previous financial opening balances to Assets/Liabilities/Equity until after setting up the new accounts and entering in transactions, am I able to enter them in now or is it too late?

 

What if the balances were negative? Can these be entered now also? 

 

What is the best report to take this information from?

 

Thank you for your help and patience in advance!

 


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